The Indian Income Tax(IT) department and the NATGRID have come to an agreement for sharing PAN related data like bank account details with intelligence agencies.
These agencies are CBI, Directorate of Revenue Intelligence, Enforcement Directorate, Cabinet Secretariat, INtelligence Bureau, Central Board of Indirect Taxes, Directorate of GST Intelligence, Narcotics Control Bureau, Financial Intelligence Unit and the National Investigation Agency.
The Central Board of Direct Taxes said info like PAN, Tax Deduction and Collection ACcount Number(TAN), bank account details, IT Returns and TDS will be shared with the 10 intelligence agencies
The receiving of information to and from these central agencies will be done through the National Intelligence Grid (NATGRID). NATGRID is a mechanism envisaged to track suspects and prevent terrorist attacks with real-time data and access to classified information like immigration, banking, individual taxpayers, train travels and air .
The intelligence agencies are authorised to obtain real-time NATGRID data as part of a legal arrangement made in the past.
“While furnishing the information, the specified income-tax authority shall form an opinion that sharing of such information is necessary for the purposes of enabling these agencies/bodies to perform its functions under their respective laws,” the CBDT order said.
The NATGRID and the CBDT will sign a Memorandum of Understanding to finalise the latest information-sharing mechanism, it said.
The Income Tax(IT) department and the NATGRID already have an agreement for sharing PAN-related information since 2017.
The Cabinet Committee on Security had sanctioned approval to the Rs3,400 crore NATGRID project on 8 April, 2010.